Lesson 1 Lesson 2Lesson 3Lesson 4Lesson 5Lesson 6Lesson 7 Lesson Objectives
Understand the idea of taking a calculated risk (D)
Carry out a risk assessment exercise for a new business (C)
Analyse the risk for a given scenario (B)
Create a mindmap of YOUR enterprise ideas, however silly some of them seem they might lead you to a thought that makes you that first million!
Starter (5 mins)
Why should you take a risk??
Key Words (5 mins) Information (5 mins)
Task (40 mins)
In pairs look back at the scenario for "Crafty Coffee"
Make a list of all the downsides and the upsides that YOU think Jane will have in starting "Crafty Coffee" - Remember she will be giving up full time employment to run this business.
Can you start adding numbers or probability factors to the downsides?
Write a paragraph giving Jane advice on taking the calculated risk to start her business
Plenary (5 mins)Explain to a neighbour why it is important that entrepreneurs include calculated risk in their business plans.
Showing Enterprise - Taking a calculated risk
Lesson 1 Lesson 2 Lesson 3 Lesson 4 Lesson 5 Lesson 6 Lesson 7
Lesson Objectives
Understand the idea of taking a calculated risk (D)
Carry out a risk assessment exercise for a new business (C)
Analyse the risk for a given scenario (B)
Starter (5 mins)
Why should you take a risk??Key Words (5 mins)
Information (5 mins)
Task (40 mins)
In pairs look back at the scenario for "Crafty Coffee"Plenary (5 mins)Explain to a neighbour why it is important that entrepreneurs include calculated risk in their business plans.